Automation refers to the use or application of computer aided machines to do human oriented tasks by use of programmed commands and automatic feedback, to increase the efficiency and reliability. Robotics on the other hand is often termed as a form of automation. It is a technology which focuses on the automation of various processes across different industries such as automotive, defence, electrical and electronics, and food and beverage etc.
With the confluence of IT and automation, the industry has become a prominent consumer of robotic technology. Robotics is suitable to meet the requirements of automation as together they provide productivity, safety and improved quality of the products. The increase in demand for robots from emerging countries such as India and China has made major manufacturers to shift their production bases, in order to increase their ROI. Automotive and electrical and electronics are the major industries to use the application of robotics in automation.
The IT Robotics Automation market is driven by various factors, but the need to reduce the manufacturing costs is one of the major drivers. Another major driver effecting the growth of the market is, need for automation in industries such as automotive, chemical, oil and gas, food and beverages etc., to boost productivity. Increasing usage in SME’s, and growth of smart technologies are the trends expected to shape the automation industry. Also, the stabilizing economies in China and Europe will drive the growth; due to automation spending in developed markets is mostly related to maintenance and productivity, which is relatively stable. Despite the presence of various drivers, IT Robotics Automation market is facing some serious challenges such as stagnation of industrial manufacturing, and high costs associated.
Some of the key IT Robotics Automation Market players included in the report are ABB Ltd., Adept technology Inc., Apex Automation and Robotics Pvt Ltd., Axium Inc., Fanuc Corp., Honeywell International, Siemens AG, and Yaskawa Electric Corp. The research report provides a comprehensive review by services and end-user segmentation. The robotics in automation market is analyzed by four regions – Americas, Europe, Asia Pacific, and MEA.
This study will cover and analyse “IT Robotics automation” globally. Bringing out the complete key insights of the industry, this report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative and technologies related to the market. In addition, will help the venture capitalist in understanding the companies better and take informed decisions.